Loan Application Checklist

In general, the documentation you will need includes:
Check for application & appraisal fee

Property Information (if you already have a contract on a house)
Purchase Agreement (Contract of Sale).

Income & Assets

Pay stubs for the last 30 days.
For the past two years:
 

Names and addresses of each employer.

W-2s
Statements for each bank, mutual fund, and/or investment account for the last  month.
  If you have made any large deposits to your accounts:
 

Explanation and source for deposit.

If large deposit was a gift:
 

Signed gift letter (lender can supply).

Copy of gift check.

Copy of deposit receipt.
  If self-employed:
 

Tax returns for the last two years (with schedules).
  If you own rental property:
 

Tax returns for the last two years and current rental agreements.
  If you are retired:
 

Pension Award Letter.
  If you receive Social Security:
 

Social Security Award Letter.
  If you are counting child support as income:
 

Copy of divorce settlement.

Copy of twelve months of cancelled child support checks.

Debts

Names, addresses, account numbers, balances and monthly payments on all current loans.

Miscellaneous

If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.

 

 

 

 

 

 


Licensed Mortgage Banker - NYS Department of Financial Services

                            NMLS ID #34763